The type of business practice that will force competitors to shut down is letter B. predatory pricing. Predatory is a way of shutting competitors even though is it is highly risky. It has the way of shutting competitors by providing lower prices of their products in order for other competitors to be driven out and shut down of the market.
Answer:
More consistent and extended education leads to more job opportunities, increased income, and the ability to change one's economic status.
Explanation:
Education has not only a connection to sanitation and hygiene elements in informal settlements, but also to general career development
Who pays the tax does NOT depend on who write the check to the government.
Who pays the check ultimately depend on the elasticity of supply and demand. This is because, suppliers have several ways of passing the taxes levied on them by the government to the consumers in form of increase in price of their products. But this also depend on the elasticity of the products, because if the prices are too high, some customers may decide to buy somewhere else or to go for a substitute.<span />
Answer:
C) shift the supply curve up by exactly $4 and the price paid by buyers will rise by less than $4.
Explanation:
A new tax will reduce the money received by the suppliers, which will result in a leftward shift of the supply curve. This means that the price of DVDs will increase at every level of quantity demanded. This will also decrease the total demand for DVDs since their price will increase.
Even though the tax is levied on the suppliers, both the suppliers and the consumers will suffer from it.
Answer:
(d) Walt demands 12 boxes of strawberries.
Explanation:
For every 3 box of strawberries, Walt consumes 2 box of cream
=> For every 1 box of strawberry, he will consumer 2/3 box of cream
Suppose, he consumes X boxes of strawberries, then he must consume (2/3)*X boxes of cream
Cost = 10*X + 10*(2/3)*X = 200 = Income
=> 10X + 20X/3 = 200
=. 30X + 20X = 600
=> 50X = 600
=> X = 12
